Top 10 reasons why businesses love Vancouver
From a landscape that inspires great products to attractions that lure millions of potential customers, there are many factors that motivate businesses to locate themselves in Vancouver. Here's a look at some of reasons why those businesses love it here.
10. Easy to attract great employees
Convincing workers to bring their talents, as well as their families, to a city consistently ranked as one of the most livable in the world seems easy. “Promoting Vancouver as a great place to work is not difficult,said Greg Holmes, CEO of Image Engine. The firm brings in highly specialized artists from all over the world that perform post-production and special effects work for films and television.
9. Gateway to Asian economies
Many opportunities for Vancouver businesses exist in these dynamic and densely populated foreign markets. “Vancouver being the gateway to the Asia Pacific, businesses here have easy access to the Asian economy and markets,” said Sandy Huang, Principal of Pinpoint Tactics. Having lived in several south Asian cities gives her great perspective on the opportunities that abound.
8. People here like to hire help
With so much do to around the city, why would people spend their leisure time working? It's a boon to service providers. “Do-it-yourself work around the house doesn’t rate high in a city where there is so much to enjoy outdoors, so it’s a great fit for our service,” said Brian Scudamore, CEO of 1-800-GOT-JUNK.
7. It's inspiring
One of the greatest strengths a business can have is a source of inspiration and creativity. Vancouver's beauty provides the stimulus. "The access to the outdoors with very chaotic weather means our clothing has to be well thought through, technical and yet look as good as the natural scenery," said Chip Wilson, founder of lululemon athletica.
6. Proximity to US Markets
Despite their recent economic struggles, Canada's biggest trade partner continues to be the United States. The close geographic proximity continues to benefit those in the commodities export businesses. Meanwhile, neighbouring Seattle's software development industry has made Vancouver a natural fit when locating the Canadian operations of American IT firms, as well for Canadian based IT firms.
5. Port Metro Vancouver
Having great access to goods from around the world is a great advantage for Vancouver businesses and forms the life-blood of the city's trade. Port Metro Vancouver is Canada's largest and busiest port, impacting over 120,000 jobs in the greater Vancouver area.
4. Good Weather
Having such a mild climate relative to the rest of Canada means year round work (and play) options for many businesses. From golf courses that can keep running through the winter months to restaurants that can keep the patio open a few weeks longer. “I love doing business with the people of Vancouver who all work hard but play hard too! The weather allows year round outdoor activity and we do seem to take advantage of that here,” said Gabrielle Loren of Loren, Nancke and Co.
3. Magnet for Wealth
Who can afford to live in Vancouver these days? Well those buyers who do have a million or two to spend on their house can generate healthy returns for a number of real estate related businesses including realtors, home builders and home improvement contractors.
2. It's full of tourists, and they bring money
Vancouver consistently attracts around 6 million visitors each year. According to Tourism Vancouver, those visitors spend upwards of $4 billion on accommodation, transport, food and entertainment when here, which creates plenty of opportunities in the hospitality and tourism business.
1. It's home
There's nothing better than being surrounded by your family, friends and support network if you're just starting out in business, running one of Canada's largest private companies, or somewhere in between. "Vancouver is a great city to live in and it's my home," said Jim Pattison, President of The Jim Pattison Group. A very succinct, yet powerful reason echoed by many business owners.